Yemen PM seeks WB support for reviving economy

Masam Project Removes 3,166 Landmines from Yemeni Territory in February

The King Salman Humanitarian Aid and Relief Centre’s project for clearing Yemeni lands of mines (Masam) has succeeded in removing 3,166 landmines from various regions of Yemen during the first week of February 2026.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/10 Time 04:10:07
Latest News:

Masam Project Removes 3,166 Landmines from Yemeni Territory in February

President Al-Alimi Reaffirms Yemen’s Commitment to Global Counterterrorism and Maritime Security Cooperation

Al-Aradah Meets Chief of General Staff, Military Leaders Participating in World Defense Show 2026

Prime Minister and Cabinet Members Take Constitutional Oath Before President Al-Alimi

President al-Alimi Chairs First Meeting of New Government: Priorities for Reform and Partnership with ..

Yemen PM seeks WB support for reviving economy

[09/05/2017 06:32]

Riyadh, (Saba)- Prime Minister Ahmad Obeid bin Daghr discussed Tuesday with the Country Director of the World Bank for Egypt, Yemen and Djibouti Asa'ad Alam supporting Yemen's legal government to achieve economic revival and efforts for activating the Central Bank of Yemen to realize financial stability and decrease inflation high levels.

The meeting dealt with a number of financial and technical policies to reduce effects of the war in Yemen over Houthi-Saleh's coup against legitimate authority. Future cooperation for supporting reconstruction and current operations of the WB in Yemen in accordance with urgent needs in humanitarian field and emergent assistants were also discussed.

Bin Daghr, who highly valued the WB's support to Yemen to alleviate aftermaths of the war being waged by Houthi-Saleh's militias, reviewed plans and programs of his government during this exceptional period to deal with war's consequences on economic and humanitarian levels.

The decision of the government last September to transfer the central bank to the interim capital of Aden comes after militias depleted its foreign reserve and the move aimed at banning complete collapse of the national economy and its catastrophic affects, said bin Daghr.

He noted that Houthi-Saleh Alliance continue rejection of handing over revenues to the bank and instead used them for what they called war effort to kill Yemeni people, calling the UN, international community and international funds to put pressure on them to hand over revenues so that the legal government preforms its duties to all Yemenis.

For his part, Alam thanked the legal government for paying the postponed funds Yemen is committed to pay, confirming keenness of improving cooperation with the government in reviving program.

Two financial transactions to Yemen have been signed worth USD 280 million; the first 200 million for supporting financial funds and the second 80 million for facing malnutrition in the country, he said, adding that they will be ratified during the forthcoming two weeks.

He noted that the funds of the financial transactions will reach USD 800 million, a fund is not enough in this period but he added that the WB will work with a number of countries to cover Yemen's needs currently and on the future.